Month: May 2023

Teen workers are in high demand for summer and commanding better pay

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Christopher Au, 19, dishes out ice cream at a J.P. Licks in Boston’s Beacon Hill neighborhood on Thrusday, May 25, 2023. Au, who has worked at the shop for the past few months, said that having a job helps him be more independent and not to have to rely on his parents too much for spending money. Teens willing to work hold even more sway these days, thanks to one of the tightest job markets in decades. (AP Photo/Steve LeBlanc)

By STEVE LeBLANC Associated Press

BOSTON (AP) — Teens have long been vital to filling out the summertime staffs of restaurants, ice cream stands, amusement parks and camps.

Now, thanks to one of the tightest labor markets in decades, they have even more sway, with an array of jobs to choose from at ever higher wages.

To ease the labor crunch, some states are moving to roll back restrictions to let teens work more hours and, in some cases, more hazardous jobs — much to the chagrin of labor rights groups, who see it as a troubling trend.

Economists say there are other ways to expand the workforce without putting more of a burden on kids, including by allowing more legal immigration. Continue reading

Venmo to be officially available for teenagers, although many use it already

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File – Andrew Addison holds up a sign advertising that he takes Venmo for payment at his corner drink stand, Monday, May 30, 2022, in Nolensville, Tenn. Venmo will officially allow teenagers to open an account with their parents’ permission, the company said Monday, expanding the popular social payments app to a demographic that is likely to embrace it almost immediately. (AP Photo/Mark Humphrey, File)

By KEN SWEET AP Business Writer

NEW YORK (AP) — Teenagers will officially be allowed to open a Venmo account with their parent’s permission, the company said Monday, expanding the popular social payments app to a age demographic that is likely to embrace it almost immediately.

Using Venmo won’t necessarily be new to a good number of teens — parents often set up accounts for their children through their own accounts, which is a violation of Venmo’s terms of service. There have been guides on the Internet for some time showing parents how to create a child’s account without Venmo penalizing them. Continue reading

Meta fined record $1.3 billion and ordered to stop sending European user data to US

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FILE – Facebook’s Meta logo sign is seen at the company headquarters in Menlo Park, Calif., Oct. 28, 2021. European Union hits Facebook parent Meta with record $1.3 billion fine over transfers of user data to US. (AP Photo/Tony Avelar, File)

By KELVIN CHAN AP Business Writer

LONDON (AP) — The European Union slapped Meta with a record $1.3 billion privacy fine Monday and ordered it to stop transferring users personal information across the Atlantic by October, the latest salvo in a decadelong case sparked by U.S. cybersnooping fears.

The penalty of 1.2 billion euros is the biggest since the EU’s strict data privacy regime took effect five years ago, surpassing Amazon’s 746 million euro fine in 2021 for data protection violations.

Meta, which had previously warned that services for its users in Europe could be cut off, vowed to appeal and ask courts to immediately put the decision on hold. Continue reading

Nigerian chef cooks nonstop for 100 hours to set new global record

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Chef Hilda Baci cooks to establish a new Guinness world record for the “longest cooking marathon”, the 97-hour cook-a-thon, in Lagos, Nigeria, Thursday, May 11, 2023. A Nigerian chef on Monday continued her quest to set a new global record for the longest hours of nonstop cooking after surpassing the current record of 87 hours and 45 minutes. By 15:00 GMT on Monday, Hilda Baci had cooked for more than 97 hours, becoming a national sensation and to the cheering of many in Nigeria’s commercial hub of Lagos where her kitchen is set. (AP Photo/Sunday Alamba)

By CHINEDU ASADU Associated Press

ABUJA, Nigeria (AP) — A Nigerian chef on Monday set a new global record for the longest hours nonstop cooking as she cooked for 100 hours, surpassing the current record.

Hilda Baci had been cooking since last week Thursday when she set out to beat the Guinness World Record of 87 hours and 45 minutes set in 2019 by Lata Tondon, an Indian chef.

At around 19:45 GMT on Monday, Baci cooked for the 100th hour in the Lekki area of Lagos, Nigeria’s commercial hub, to become a national sensation in the West African nation. Thousands who gathered at the scene jubilated and sang her praises as she stopped cooking a few minutes after. Continue reading

What you need to know about a glass cliff and why it could put Twitter’s new CEO in danger

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FILE – Twitter CEO Elon Musk, center, speaks with Linda Yaccarino, chairman of global advertising and partnerships for NBC, at the POSSIBLE marketing conference, Tuesday, April 18, 2023, in Miami Beach, Fla. Musk announced Friday, May 12, 2023, that he’s hiring Yaccarino to be the new CEO of San Francisco-based Twitter, which is now called X Corp. (AP Photo/Rebecca Blackwell, File)

By BARBARA ORTUTAY AP Technology Writer

Less than two months into his $44 billion purchase of Twitter, Elon Musk declared that whoever took over as the company’s CEO ” must like pain a lot.” Then he promised he’d step down as soon as he found a replacement “foolish enough” to want the job.

That person, Musk announced Friday, is Linda Yaccarino, a highly-regarded advertising executive from NBCUniversal. She’ll start in six weeks. How long she’ll last might depend on her pain tolerance.

When Musk tweeted on Thursday that he’s found a new CEO but didn’t say who, one word stuck out: “she.” Some of his more extreme Twitter followers took immediate issue with the new CEO’s gender, but the fact that Musk hired a woman is actually notable simply because it is so rare — in business overall and especially in the tech industry — to see female chief executives.

Her appointment renewed questions about the “glass cliff,” a theory that women — as well as underrepresented minorities — are more likely to be hired for leadership jobs when there’s a crisis, which sets them up for failure. The term was coined in 2005 by University of Exeter professors Michelle Ryan and Alex Haslam, and there have been plenty of famous examples since then, from Yahoo’s Marissa Mayer to the U.K.’s Theresa May. Continue reading